W&I
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Colin Addy and Greg Conroy, former Vale and Chubb executives, co-head the new operation.
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BP Marsh took a 30% cumulative preferred ordinary shareholding in Devonshire.
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This publication revealed Chubb was planning to re-enter the London TL market.
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Sources said the initiative includes former Ambridge executive MD Jeff Doran.
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Rates have fallen on the back of reduced deal flow in 2023.
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Liberty GTS noted a fall in the proportion of R&W notifications where the potential loss exceeds the retention in the last 12 months as compared to the preceding 12 months.
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The judge rejected all the buyer’s claims for breaches of the warranty under its buy-side W&I policy.
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US transactional liability SVP Toria Lessman will lead the European build-out.
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Brockwell currently writes approximately $40mn in gross written premium, which will provide a significant uplift to Optio’s existing $25mn warranty and indemnity premium base.
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